LAKE COUNTY FARM BUREAU (EIN 362178039) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1914

Legal Domicile

Principal Officer

THOMAS DOOLITTLE

Phone

8472236506

Tax Period

2024-08-01 to 2025-07-31

LAKE COUNTY FARM BUREAU, founded in 1914, is a small nonprofit that reported $544K in total revenue in fiscal year 2018. Net assets of $3.6M represent 80 months of operating reserves.

Mission

MAINTAIN AN ORGANIZATION THROUGH WHICH RURAL AND URBAN PEOPLE CAN THINK, ACT AND WORK TOGETHER TO STRENGTHEN AGRICULTURE'S ROLE AND INFLUENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $60,767

Program Service Revenue $52,458

Investment Income $159,663

Other Revenue $926,810

TOTAL REVENUE $1,199,698

Expense Breakdown

Grants Paid $21,500

Salaries & Benefits $186,790

Fundraising Expenses $0

Other Expenses $359,539

TOTAL EXPENSES $567,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,199,698	$614,898	+1.0%
Expenses	$567,829	$591,534	0.0%
Net Income	$631,869	$23,364	+26.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$134,800

Total Directors

$9,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS DOOLITTLE	PRESIDENT	1.00	Officer Director	$4,500	$0	$4,500
DUANE BEELOW	VICE-PRESIDENT	1.00	Officer Director	$550	$0	$550
RODNEY BUSS	SECRETARY	1.00	Officer Director	$700	$0	$700
PETER TEKAMPE	TREASURER	1.00	Officer Director	$200	$0	$200
WILLIAM MCNEILL	DIRECTOR	1.00	Director	$600	$0	$600
DONALD TEKAMPE	DIRECTOR	1.00	Director	$750	$0	$750
ANTHONY DEMOON	DIRECTOR (FROM 03/25)	1.00	Director	$0	$0	$0
BERNARD WEIDNER	DIRECTOR	1.00	Director	$600	$0	$600
ANDREW YARC	DIRECTOR	1.00	Director	$700	$0	$700
GEORGE WHITE III	DIRECTOR	1.00	Director	$550	$0	$550
JERRY HENNINGFELD	DIRECTOR (THRU 09/24)	1.00	Director	$400	$0	$400
GREGORY KOEPPEN	MANAGER	40.00	Officer	$123,667	$5,183	$128,850

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,199,698	$567,829	$4,612,405	$631,869
2024	$614,898	$591,534	$3,973,605	$23,364
2023	$523,921	$617,856	$3,835,661	$-93,935
2022	$639,770	$578,469	$3,899,202	$61,301
2021	$594,035	$523,405	$4,069,942	$70,630
2020	$549,774	$588,090	$3,865,797	$-38,316
2019	$544,388	$565,697	$3,834,183	$-21,309

LAKE COUNTY FARM BUREAU